on-line technology will blow away 25 to 50% of colleges over the next ten or 20 years. so why not let them try? it's a private institution. it's a donor -- if the donor base doesn't like it, they'll let them know soon enough. draw the line. don't try it at a public university, but small liberal arts college, private college, why not? >> morgan, what about that? if it's kept in the private level, are you for extending this into public colleges and getting the government involved? >> i'm definitely for it on the private level. i'm not so sure how i feel about it on the public level. if we shift it to the government, i'd be all for doing this across the board with all loans. >> there is no such thing as private college. >> i'm interested in john's incentive argument, when you have this massive piled mound of debt. >> disinventive. >> that's true. you got to get a job to pay off your loan. that's an interesting part of the argument. >> that's the point, you want the fear factor to get a job. let's end the myth about private colleges. all colleges in the u.s., with the excep